Bel Fuse (NASDAQ:BELFA) Shares Cross Above 200 Day Moving Average of $36.62

Bel Fuse Inc. (NASDAQ:BELFA – Get Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.62 and traded as high as $45.00. Bel Fuse shares last traded at $44.58, with a volume of 1,918 shares trading hands.

Bel Fuse Stock Performance

The company has a market cap of $600.06 million, a PE ratio of 9.43 and a beta of 1.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.95 and a quick ratio of 1.67. The stock has a 50 day simple moving average of $38.35 and a two-hundred day simple moving average of $36.68.

Bel Fuse (NASDAQ:BELFA – Get Rating) last released its earnings results on Wednesday, February 22nd. The scientific and technical instruments company reported $1.27 earnings per share (EPS) for the quarter. The business had revenue of $169.20 million for the quarter. Bel Fuse had a return on equity of 28.35% and a net margin of 9.02%.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, July 14th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Thursday, July 13th. Bel Fuse’s dividend payout ratio is presently 5.08%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its position in shares of Bel Fuse by 514.9% in the third quarter. Tower Research Capital LLC TRC now owns 1,033 shares of the scientific and technical instruments company’s stock valued at $29,000 after acquiring an additional 865 shares in the last quarter. Morgan Stanley lifted its position in shares of Bel Fuse by 40.6% in the fourth quarter. Morgan Stanley now owns 1,784 shares of the scientific and technical instruments company’s stock valued at $56,000 after acquiring an additional 515 shares in the last quarter. Manchester Capital Management LLC purchased a new stake in shares of Bel Fuse in the first quarter valued at $101,000. UBS Group AG purchased a new stake in shares of Bel Fuse in the first quarter valued at $134,000. Finally, Horizon Kinetics Asset Management LLC purchased a new stake in shares of Bel Fuse in the third quarter valued at $215,000. Institutional investors and hedge funds own 5.64% of the company’s stock.

About Bel Fuse

(Get Rating)

Bel Fuse, Inc engages in the design, manufacture, and marketing of products that power, protect, and connect electronic circuits. It operates through the following segments: Cinch Connectivity Solutions, Power Solutions and Protection, Magnetic Solutions, and Corporate. The company was founded by Elliot Bernstein in 1949 and is headquartered in Jersey City, NJ.